| Real-time Estimate Cboe BZX Other stock markets | 5-day change | 1st Jan Change | ||
| 53.70 USD | -0.03% |  | -3.85% | -20.34% |
| 02:17pm | Mizuho Securities Adjusts Dayforce Price Target to $70 From $80, Maintains Outperform Rating | MT |
| Jul. 17 | Deutsche Bank Adjusts Price Target on Dayforce to $70 From $75 | MT |
July 22, 2024 at 08:04 am EDT
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Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced it placed highest on the value realization axis within The Hackett Group's inaugural Digital World Class Matrix™ for the HCM software market and was named a Digital World Class® provider within the report.
Excelling at factors like data modeling capabilities, cycle time improvement, and accuracy improvement landed Dayforce at the top of the value realization axis. Measured on the ability to positively impact HCM performance metrics, Dayforce capabilities proved successful and received some of the most favorable customer ratings.
Achieving a Digital World Class® ranking, the highest placement available, requires a demonstration of top performance in business value, operational excellence, and customer satisfaction. The 2024 HCM Digital World Class Matrix™ evaluates HCM providers against three pillars: Time to Pay, Reward to Exit, and Talent Management. Core elements assessed include automation and reduction of administrative costs within payroll, automation of benefits administration and compliance initiatives that reduce risk of error, and efficiencies in hiring and training to result in improved retention rates.
From addressing changing payroll legal requirements to hiring, onboarding, and engaging top talent, organizations are navigating the demanding realities of today's boundless workforce. Dayforce helps its global customers thrive amidst workforce complexity through an all-in-one approach for payroll, talent, HR, workforce management, and more.
"The stakes have never been higher for organizations tackling the growing complexities within our rapidly evolving work world," said Joe Korngiebel, Chief Product and Technology Officer, Dayforce, Inc. "The Hackett Group's recognition of Dayforce reinforces our commitment to make work life better for our customers while delivering quantifiable value every step of the way through our award-winning global people platform."
About Dayforce
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, payroll, talent, workforce management, and benefits equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable for organizations of all sizes and industries, visit dayforce.com.
Media Contact
Allison Hacker
+1 425-785-8276
allison.hacker@dayforce.com
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Ceridian HCM Holding Inc. published this content on 22 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2024 12:03:05 UTC.
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Latest news about Dayforce, Inc.
| Mizuho Securities Adjusts Dayforce Price Target to $70 From $80, Maintains Outperform Rating | MT | |
| Deutsche Bank Adjusts Price Target on Dayforce to $70 From $75 | MT | |
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| BMO Capital Adjusts Price Target on Dayforce to $75 From $82, Maintains Outperform Rating | MT | |
| Jefferies Adjusts Price Target on Dayforce to $60 From $70, Keeps Hold Rating | MT | |
| TD Cowen Adjusts Price Target on Dayforce to $63 From $70 | MT | |
| Barclays Adjusts Dayforce's Price Target to $62 From $74 | MT | |
| Piper Sandler Adjusts Dayforce's Price Target to $68 From $75 | MT | |
| Goldman Sachs Adjusts Dayforce's Price Target to $68 From $71 | MT | |
| Deutsche Bank Adjusts Dayforce's Price Target to $75 From $80 | MT |
Chart Dayforce, Inc.
Company Profile
Dayforce, Inc. (formerly Ceridian HCM Holding, Inc.) specializes in the development of human capital management software. The company offers a Dayforce platform that provides technology services for recruitment, personnel tracking, payroll processing, and employee engagement.
Employees
9,084
Sector
Software
Calendar
2024-07-30 - Q2 2024 Earnings Release
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Income Statement and Estimates
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Ratings
Trading Rating
Investor Rating
ESG Refinitiv
B
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Analysts' Consensus
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
53.71USD
Average target price
67.90USD
Spread / Average Target
+26.42%
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Quarterly earnings, Rate of surprise
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- News Dayforce, Inc.
- Newsflash: Dayforce Places Highest on Value Realization Axis in 2024 HCM Digital World Class Matrix™
